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Eurogroup president Mario Centeno during the videoconference of finance ministers (Photo: Council of the European Union)

Eurozone agreed €500bn cushion against virus blow

EU finance ministers on Thursday (9 April) evening agreed a €500bn package to cushion the economic blow caused by the coronavirus pandemic.

The ministers also agreed on the need for a future, temporary recovery plan, with very little detail, after weeks of wrangling that exposed painful divisions as the bloc dives into deep recession.

EU leaders will have to give guidance, at a videoconference in the next days, on the structure and financing of the fund, and they also need to gi...

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Author Bio

Eszter Zalan is a Hungarian journalist who worked for Brussels-based news portal EUobserver specialising in European politics, focusing on populism and Brexit.

Eurogroup president Mario Centeno during the videoconference of finance ministers (Photo: Council of the European Union)

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Author Bio

Eszter Zalan is a Hungarian journalist who worked for Brussels-based news portal EUobserver specialising in European politics, focusing on populism and Brexit.

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